Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) is in a position to see significant uplift in valuation driven by the development of the Carpentaria Project in EP 187, located in the Northern Territory s Beetaloo Basin.
Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) report that the Carpentaria-3H ( C-3H) has been shut-in following completion of extended production testing. The 90-day initial production rate (IP90) achieved for C-3H was 3.1 TJ per day.
Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) has had another productive half year as we progress towards our goal of maiden commercial production from the Beetaloo Basin
Empire Energy Group Ltd S (ASX:EEG) (OTCMKTS:EEGUF) Beetaloo footprint is comparable in size to significant portions of the core areas of the Marcellus Shale play in the Appalachian Basin.